What can Mortgage Australia do for ME?
How do I know Mortgage Australia will provide a
High Quality service?
Which lenders does
Mortgage Australia represent?
Why don't
I just go direct to my bank?
I have a
good relationship with my bank manager, what more can you do
for me than he could?
How does Mortgage
Australia get paid and how much?
Does Mortgage
Australia ensure my confidentiality?
What
can Mortgage Australia do for ME?
More and more Australians are using Mortgage Brokers to guide
them through the home loan maze. In the United States of America
it is estimated that 70% of loans are introduced through mortgage
brokers.
- The first reason for this is that Mortgage Australia will
save you money
by directing you to the lenders with
the best rates and the loan features to suit you.
- Secondly, we save you time
by bringing the major
lenders to you at once, instead of you having to go from
bank to bank trying to make sense of it all.
- Thirdly, we explain the loan to you in plain English,
so you know you are getting a good home loan.
- Fourthly, we can guide you away from the many
potential
traps in borrowing money.
- Finally, you won't be charged a fee for using a Mortgage Broker, there are no additional charges to your loan
at all.
What kind of organisation is Mortgage Australia? Mortgage
Australia is a Mortgage Brokerage. Also called Mortgage Introducers
or Mortgage Originators. We bring together the best loans from
a wide cross-section of lenders and assist you through the process
of choosing and applying for a home loan. We do not lend money
ourselves and we look
out for your best interests. Mortgages are what we know best,
so take advantage of our expertise. After all, we charge you
no fee for using our service.
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How
do I know Mortgage Australia will provide a High Quality service?
The Mortgage Australia Group adheres to highest
legislative standards and is a member of several major
industry and governing bodies for your benefit.
We have been
commended in
Parliament for receiving a Pride of Workmanship award.
Mortgage Australia is a member of the Australian Finance
Group, Australia's largest mortgage wholesaler, organising
over $1 Billion in home loans every month.
We are also Full
Members of the Mortgage Industry Association of
Australasia (#9560).
We are also governed
by the Credit Ombudsman Service Ltd (#403515).
We hold Corporate and Individual Finance
Brokers Licenses (#1183). This means we must adhere to a stringent
Code of Ethics:
-
To Act with Honesty and Integrity at all
times
-
To Comply with all the Laws and Regulations relating to the
Mortgage Industry
-
To Maintain Confidentiality in all Dealings
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Which
lenders does Mortgage Australia represent?
Mortgage Australia represents
over 40
major lenders who have consistently
competitive loan products. Also, we select our lenders to ensure
we have a wide number of lender types – banks, credit unions,
mortgage managers, building societies – to ensure that
you will get a great deal.
ANZ Bank, St George Bank, Colonial State Bank (banking products
of the Commonwealth Bank), AMP Banking, AXA Home Loans, Challenge
Bank, Westpac, Bank of Melbourne, Adelaide Bank, Access Home
Loans, National Australia Bank, Homeside Lending, Bank of New
Zealand, ING Bank, Citibank, Suncorp Metway,
Star Loans, Macquarie Bank, Bank
of Queensland, Liberty Financial, Latrobe Home Loans, Monet
Finance, RAMS, WA Home Loans, VIC Home Loans, QLD Home Loans,
NSW Home Loans, Tonto Home Loans, Firstmac, Advantage Finance,
Paramount Mortgage Services, Queensland State Bank, GE
Capital Finance, IMB Building Society, Home Building Society,
ACS Mortgages, National Mortgage Market Corporation (a
Subsidiary of the Bendigo Bank), Collins Securities, Vision
Equity Living, Over Fifties Mutual Investment Group, Pepper Home Loans,
Heritage Building Society, AFG Mortgage Management, AFIG
Wholesale and more.
Why would you go anywhere else?
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Why
don't I just go direct to my bank?
Speaking to us is like speaking to over 40 different lenders
at one time. We can present all their loans to you at one time
in one place, saving you time and confusion.
We are experienced in mortgages and mortgage minimisation
techniques that can save you thousands of dollars and require
no extra repayments.
Also, each bank has one of each type of loan (i.e., honeymoon,
standard variable, line of credit, etc.). Knowing what type of
loan you need is only half the battle, we help you choose which
lender has that type of loan at the lowest rates and fees.
Because we are not owned by a lender or a lender ourselves,
like some other mortgage brokers, we can help
you select what loan and lender suits your situation, not just
what the bank has to sell you.
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I
have a good relationship with my bank manager, what more can
you do for me than he could?
Individual bank managers do not have the power they did in the
past. Assessment of loans is centralised and is simply a numbers
game. We know the different discounts each bank is able to give
depending on your situation. Also, the banks view us as one
big customer because of the large amount of loans we put through
them every month and they compete for our business. This means
we have access to discounts and special offers which an individual
bank manager can't offer.
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How does
Mortgage Australia get paid and how much?
Mortgage Australia is paid a commission for introducing
mortgages to the lenders on our lender panel. Commissions
structures vary amongst these lenders. Your local Mortgage
Australia loan writer is happy to explain these commission
structures to you during your loan interview or over the phone.
In addition, if you proceed with the loan your loan contract
will also itemise the commission paid to Mortgage Australia and
associated entities.
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Does Mortgage Australia
ensure my confidentiality?
Mortgage Australia is governed by the Privacy Act 1988 which
enforces the privacy of personal financial information. Your
financial, contact or other personal details can only be conveyed
to another organisation or individuals outside Mortgage Australia
with your express permission. like the banks. We help them keep
their costs down.
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